Europe: Crypto and Blockchain News Roundup, 2nd to 8th November 2018

Europe

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

The main point of contention for the cryptocurrency community will be new regulations from the British government. This might actually help the investors in the country as EU regulations have been extremely tough for the cryptocurrency exchanges and now that the control over regulations will now be back with the British government who can pass crypto-friendly regulation.

Spain

The platform was launched earlier this year and has now been adopted by over 12 companies around the world including the Port Authority of Rotterdam. The platform will be used to solve systemic issues in the supply chain systems and will reportedly reduce processes from two weeks to just 1-2 days.

The move comes despite repeated pro-cryptocurrency and blockchain stances from the government. The requirement is sure to raise a few eyebrows as USD 6,500 (BTC 1) may force banks to cover for as much as USD 54,000 in fiat. An additional 4% investment cap was also placed on financial institutions.

According to local media reports, smart contracts will be used for this purpose. The Justice Ministry has planned a meeting later this week to discuss how the new technology can be implemented in the legal matters.

According to the Azerbaijan Internet Forum Osman Gunduz: “[the platform]will ensure transparency and will allow to suppress the cases of falsification in this area.”

The move comes after the lobby group ran out of patience because of lack of action from the government. The new committee has extended its scope to handle cryptocurrency related disputes as well as smart contracts and token sales. The RUIE has also called from expert advice from the sector.

Cryptocurrency cases and disputes have been jammed up in Russian courts and the Union has taken moves to take the matter into their own hands.

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